Strong Bullish Signal:
The pair showed a sharp growth and broke out the previous level of resistance. The movement was supported by the increased volume and large positive delta, which means that bulls are still dominating among institutional players. .
Volume Zones:
We need to highlight the new volume level of support 1.1174 - 1.1192.
Sentiment:
This indicator shows that 94% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d29/2003/d9/d5a425f3cd1b.png
Consider Long Positions:
Given all these factors, should regard exceptionally long positions. We may enter the market after a smooth downward correction, in order to get a better entry point. A stop loss may be placed below the support level.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
The pair showed a sharp growth and broke out the previous level of resistance. The movement was supported by the increased volume and large positive delta, which means that bulls are still dominating among institutional players. .
Volume Zones:
We need to highlight the new volume level of support 1.1174 - 1.1192.
Sentiment:
This indicator shows that 94% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
https://d.radikal.ru/d29/2003/d9/d5a425f3cd1b.png
Consider Long Positions:
Given all these factors, should regard exceptionally long positions. We may enter the market after a smooth downward correction, in order to get a better entry point. A stop loss may be placed below the support level.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
